how the canucks got a better deal from chevron

They have a better premier to start with,it would appear.

A sobering tale of two premiers,

WA's fabrication industry has missed out badly in the mining boom,writes Jai Wilson-co-ordinator of the WA Manufacturing alliance.

When Chevron again made heavily qualified statements of good intention that:The hebron project is expected to offer significant benefits to the people of Newfoundland and Labrador,"Mr Williams did not take them at their word.He took them for all they were worth.

Unlike Mr Barnett,Mr Williams secured a 4.8 percent ownership stake of the project and the profit it generates.Unlike Mr Barnett Mr Williams secured an aditional "super royaltys" of 6.5 percent on top of the standard royalty of 30 percent,to be paid by Chevron whenever the oil price rises above $US 50.00 a barrel.
Unlike Mr Barnett,Mr Williams secured $120 million in research and developement to be spent in the province.

http://www.wajobs.org.au/index.php?option=com_content&view=article&id=64:how-the-canadians-got-a-better-deal-from-chevron&catid=34:latest-news&Item

Looks like we need a Progressive Conservative party,probably both state and federally.

Little wonder both employers and employees were marching together in Perth about the lack of work for local fabrication companys,col yourve no idea.

If this microcosim of liberal party input into adding value to the Australia economy is expanded nationaly heaven help us


Raider